- service agreement
- service agreement service agreement ➔ agreement
* * *service agreement UK US noun [C]► COMMERCE an agreement between a company and a customer, stating that the company will check and repair equipment for an agreed price during a fixed period of time: »
Our service agreements cover far more than repair for mechanical breakdown.»
Give yourself time to compare quality, price, and service agreements elsewhere.► HR a formal agreement between a company and an employee in a high position about their pay and conditions of employment: »
Directors' service agreements of more than 12 months' duration can be inspected by any shareholder.»
Chief executive Anders Erikson has a one-year service agreement with a salary of €170,000.
Financial and business terms. 2012.